Partnership with Deloitte to uncover multiplier impact of gold

A research project with new memberDeloitte was announced recently at the Gold Industry Group’s (GIG) Annual General Meeting in support of 2017 initiatives to educate the community, connect the industry and promote gold across Australia.

"I am pleased to announce we are embarking on a research project with Deloitte to measure the direct and multiplier impacts of the gold industry on Australia’s economy,” said GIG Executive Officer Rebecca Johnston.

"This will include how the gold industry contributes to the social fabric of our communities and it will demonstrate the gold industry’s importance to Australia," Rebecca said.

The project will be led by Deloitte Access Economics Partner Matt Judkins with key messages to be used throughout the GIG's communications and educational initiatives to be launched in 2017 including the Heart of Gold Discovery Trail and lesson plans for students.

“We are very excited to be undertaking this work in conjunction with the GIG," Matt said.

“Despite gold’s profile and importance to the Australian community, many people are unaware of the gold industry’s scale and value chain.

“This research will show the importance of gold to our economy and our communities – particularly regional communities for whom gold mining is their primary source of commercial activity,” Matt said.

Australia has the largest known gold resources globally and is the world’s second largest gold producer after China. Gold is also the nation’s third largest mineral export, worth $16 billion in 2015/16.

The Gold Industry Group aims to build awareness and educate the wider community about the industry’s importance to ensure the industry and our communities stay strong.